why is fubo stock down today

The Motley Fool owns shares of and recommends Walt Disney and fuboTV, Inc. Fubo is best known for its live TV offerings, including sports, news and entertainment. All rights reserved. Warner Bros. On Nov. 3, FuboTV launched Fubo Sportsbook, an online betting service, in the U.S., starting with Iowa. fuboTV (FUBO) Set to Announce Earnings on Friday - MarketBeat S&P 500 4,135.35 DOW Stocks are for suckers try this instead (Ad) Stocks are for suckers try this instead (Ad) [BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad) Stocks are for suckers try this instead (Ad) Stocks are for suckers try this instead (Ad) Learn how to trade stocks like a pro with just 3 email lessons! The stock has fallen more than 25% since the earnings announcement. Our company news sentiment scores track the average news sentiment of articles about each company over the most recent 7 days in order to identify companies that are receiving positive press. Instead, the issues arise from fuboTV's profit margins -- or lack thereof. After bouncing off recent lows, the stock went back down today. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. So despite fuboTV's impressive revenue growth, the market seems to believe that a positive and growing bottom line remains key. The live streaming platform FuboTV (NYSE:FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ:NFLX) recent earnings report. The Motley Fool has a disclosure policy. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 5 Hypergrowth Stocks With 10X Potential in 2023, Even if Block Beats on Earnings, Stay Away From SQ Stock, Louis Navellier and the InvestorPlace Research Staff, Rare Stock Indicators Show the Market Is About to Skyrocket, Ideanomics (IDEX) Stock Surges 90% Ahead of Possible Delisting. What happened. Why Is Everyone Talking About fuboTV Stock? Realtime quote and/or trade prices are not sourced from all markets. On Nov. 4, FuboTV stock flirted with a buy point of 35.19 out of an 18-week consolidation period, according to IBD MarketSmith charts. Unfortunately, Netflix managed to fall behind even bearish forecasts for its earnings. Invest better with The Motley Fool. Stock market today: Asian stocks dip on economy worries Ahead of Fubos May 5 earnings call it seems investors are preparing for near universal subscriber drops. Article printed from InvestorPlace Media, https://investorplace.com/2022/04/why-is-fubotv-fubo-stock-down-today/. After spiking more What happened Shares of fuboTV ( FUBO -3.97%) dropped more than 10% Monday, but Why fuboTV Stock Dropped Monday | The Motley Fool fuboTV MarketRank Forecast Analyst Rating Hold 2.29 Rating Score Upside/ Downside 325.4% Upside $4.85 Price Target Short Interest Bearish 20.64% of Wall Street had predicted a loss of 61 cents a share on revenue of $143.5 million, FactSet said. In other news, FuboTV announced a deal to buy Molotov, France's leading live-TV streaming platform, for about $190 million. However, where investors are raising concern is the cost of that growth. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. It's always beneficial to see both sides of an argument about an investment. Additionally, the company projects it will drop an additional 2 million customers in Q2 of this year. Still, these are variable costs, meaning they increase with each additional subscriber, so it doesn't scale as well as fixed costs, which stay the same regardless of customer or revenue growth. The sportsbook service is integrated with the company's live-TV service on mobile devices. Analysts were targeting 927,000 subscribers. The information and content are subject to change without notice. FuboTV outages reported in the last 24 hours This chart shows a view of problem reports submitted in the past 24 hours compared to the typical volume of Could Government Drug-Price Negotiations Sound The Death Knell For Biotech Stocks? Under the Inflation Reduction Act, the Centers for Medicare and Medicaid Services will begin negotiating the prices of the most expensive medicines the agency buys. In the most recent nine months ended Sept. 30, the company raised $389.5 million in cash by selling convertible notes. The New York City-based company late Tuesday said it added 262,884 subscribers in the September quarter, ending the period with 944,605 total subscribers. If You Do This, You Won't Have to Worry About Them, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research. If You Do This, You Won't Have to Worry About Them, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. No doubt, that's impressive growth. Get market updates, educational videos, webinars, and stock analysis. Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks. Revenue and subscribership saw rapid growth in the latest quarter. Should You Be Too? Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! View which stocks are hot on social media with MarketBeat's trending stocks report. During the regular session Tuesday, FuboTV stock slipped 1.6% to close at 33.13. quotes delayed at least 15 minutes, all others at least 20 minutes. Let's look closer at two reasons the market is concerned about fuboTV. That's based on the midpoint of its outlook. Cost basis and return based on previous market day close. Identify stocks that meet your criteria using seven unique stock screeners. Fubo starts at $75 per month, though On the date of publication, Shrey Dua did not hold (either directly or indirectly) any positions in the securities mentioned in this article. As of 1 p.m. Eastern, FUBO stock is down more than 10% as investors price in poor tech earnings and continued Fedspeak. Interestingly, theres little news to speak of when it comes to FuboTV today. Simply Wall St. Great news for fuboTV Inc. (NYSE:FUBO): Insiders How to watch King Charles III's coronation without going to Why fuboTV Is Down Again Today | The Motley Fool Get access to free IBD eventsonline & in-person! The firm issuing the short call is LightShed Partners, led by Richard Greenfield. FuboTV investors have yet to realize that "the emperor has no clothes," the report said. All rights reserved. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. fuboTV (FUBO 9.65%) reported third-quarter earnings on Nov. 9 that disappointed investors -- and the stock has since slumped over 25%. ET on Zacks.com fuboTV Inc. (FUBO) Loses -33.93% in 4 Weeks, Wall Street had predicted sales of $179.6 million in the fourth quarter, FactSet said. FUBO Invest better with The Motley Fool. Its another down day for the stock market, with most major indices losing around 1% as of early afternoon trading. Get fuboTV News Delivered to You Automatically. The bulk of those costs was subscriber-related expenses (at 91.5% of revenue). But losses continue too, meaning the company may need to raise more money. The business itself is showing strong growth. FUBO News Today | Why did fuboTV stock go down 0.58Average Consumer Discretionary News Sentiment. Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm. Shares of the pharmaceutical giant AbbVie ( ABBV 1.51%) fell by as much as 9% in early morning trading Thursday. 1 Stunning Growth Stock to Buy Before It Soars 165%, According to Wall Street, 2 Beaten-Down Growth Stocks to Avoid Like the Plague in April. 2 Reasons Why fuboTV Stock Crashed After Earnings Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. The drop gained momentum late last week after an analyst said the $40 stock is only worth $8. Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. Even after the 35% drop, the stock has a market capitalization of almost $3 billion, giving it a current price-to-sales ratio of more than 12. According to analysts' consensus price target of $4.85, fuboTV has a forecasted upside of 325.4% from its current price of $1.14. fuboTV has only been the subject of 3 research reports in the past 90 days. fuboTV, Inc. operates as a sports-first, live TV streaming company. Want to learn more about investing? For the quarter, fuboTV lost $106 million on the bottom line. Indeed, During the regular session Tuesday, FuboTV stock slipped 1.6% to close at 33.13. LightShed says fuboTV stock is the "most compelling short" it has discovered, and that the previous run-up in the share price was "egregious," as reported by Barron's. Analysts expected FuboTV to add 137,000 new subscribers in the third quarter for a total of 817,000 subscribers, according to FactSet. Investors have been holding their breath as analysts forecasted a second potentially detrimental quarter for one of the original streaming services. Indeed, expenses as a percentage of revenue were 165.5%. Good News for Fubo Stock: Alphabet Raising Prices on YouTubeTV, Why I Refuse to Chase the Maximum Social Security Benefit, U.S. Money Supply Is Doing Something It Hasn't Done in 90 Years, and It May Signal a Big Move for Stocks, Social Security Cuts May Be Coming. Get these newsletters delivered to your inbox & more info about our products & services. Authors may own the stocks they discuss. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. The live streaming platform FuboTV (NYSE: FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ: NFLX) recent earnings report. TRENDING: Amazon Leads 5 Stocks Near Buy Points Post-Earnings. Tesla Continues to Defy Expectations, Is it Buyable Again? Real-time analyst ratings, insider transactions, earnings data, and more. Each headline receives a score ranging from 2 (good news) to -2 (bad news). How to watch King Charles III's coronation without going to Why Is FuboTV (FUBO) Stock Down Today? TradingView News In-depth profiles and analysis for 20,000 public companies. fuboTV Stock Forecast, Price & News (NYSE:FUBO) Learn More. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. The same net profit would come to just $0.70 per share with 142.5 million shares outstanding. To sustain those losses, fuboTV is tapping capital markets and raising money. Learn More. NFLX stock is down nearly 40% this morning as investors consider the implications of a reversal of streaming service popularity. Parkev Tatevosian owns shares of Walt Disney. FUBO News Today | Why did fuboTV stock go up today? Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. fuboTV's stock crashed after the company posted impressive revenue growth in Q3. 2023 NFL Draft live stream: How to watch online, time and TV In fact, streaming services are down across the board today as investors express fear over a potential streaming service slump. Reasonably so, as Netflix has consistently enjoyed user gains of 25 million subscribers per year. 1125 N. Charles St, Baltimore, MD 21201. Shares of fuboTV ( FUBO 4.59%) were falling today after the sports-focused streaming service issued disappointing guidance in its fourth-quarter Notably, the stock was actually up in pre-market trading as it beat estimates in its fourth-quarter earnings report, but the other updates spoiled those gains. As of 1:32 p.m. ET, the stock was down 11.9%. fuboTV got a lift in the fourth quarter from the FIFA World Cup as revenue jumped 38% to $319.3 million, which beat estimates at $285.6 million. On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. Fubo is slipping as part of Netflix-induced streaming slump. Get daily stock ideas from top-performing Wall Street analysts. Shares of fuboTV ( FUBO 3.57%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. The company had slightly more than 300,000 subscribers in 2019, but it was up to 455,000 paid subscribers as of the quarter ended Sept. 30, representing a 58% gain over the prior-year period. Learn about the media coverage comparison. 6, 2023 at 9:55 a.m. But that should come after they have read the other opinions and thought through all the factors making up the growth story. 326 E 8th St #105, Sioux Falls, SD 57103 Why Is FUBO Stock Down 10% Today? TradingView News Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content. Sign up for free today. American Consumer News, LLC dba MarketBeat 2010-2023. Shares of FuboTV ( FUBO) are plunging in todays session, with FUBO stock down more than 10%. This move appears to reflect worsening sentiment around speculative growth stocks. Additionally, poor tech earnings have left a sour taste in investors mouths, with many hitting the ask today. GDC Stock Alert: Why Is GD Culture Group Up 700% Today? (SecondSide/stock.adobe.com). fuboTV Inc. (FUBO) Latest Stock News & Headlines - Yahoo Nasdaq But its shares pulled back from that resistance level. The excellent news for fuboTV is that these costs are getting smaller as a percent of revenue as the company grows. On the positive side, fuboTV saw revenue jump 156% to $157 million in the latest quarter over the year-ago period. FuboTV (FUBO) shares tumbled Wednesday even though the sports-focused streaming video service smashed analyst estimates for new subscribers in the third quarter. That's up from 44.2 million at the same time last year. For instance, a hypothetical $100 million in net profit would come to $2.26 in earnings per share at 44.2 million shares outstanding. Why Can Fubo TV Survive Its Most Recent Slump? Do Analysts' Price Targets Make Domino's Pizza Stock Look Tasty? Good News for Fubo Stock: Alphabet Raising Prices on YouTubeTV, Why I Refuse to Chase the Maximum Social Security Benefit, U.S. Money Supply Is Doing Something It Hasn't Done in 90 Years, and It May Signal a Big Move for Stocks, Social Security Cuts May Be Coming. Shares of fuboTV (FUBO 9.65%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. *Average returns of all recommendations since inception. For Copyright On an adjusted basis, FuboTV lost 59 cents a share, compared with a loss of $1.08 in the year-earlier period. Here's Why fuboTV Inc. (FUBO) Is a Great 'Buy the Bottom' Stock Now Apr. After spiking more than 400%, the stock has been tumbling the last several trading sessions. Seamus Power odds to win the 2023 THE PLAYERS Championship, How to watch Basketball Wives episode 18: Time, TV, free live stream, fuboTV Inc. (NYSE:FUBO) Q4 2022 Earnings Call Transcript, Steer Clear of fuboTV Until This Starts Happening, Indie Green-Themed Network EarthXTV Lands Carriage on FuboTV's Base Tier, fuboTV Adds Environmental Network EarthxTV to Base Subscription Package, Barrington Reaffirms Their Hold Rating on fuboTV (FUBO), Nexstar Exec on Why Broadcasters Balked at CBS Terms for Pact With Sports Streamer FuboTV, If You Have Not Sold fuboTV by Now, You Might as Well Hold, fuboTV Inc.'s (NYSE:FUBO) 17% loss last week hit both individual investors who own 43% as well as institutions, fuboTV (FUBO) Q4 2022 Earnings Call Transcript. contact@marketbeat.com Get short term trading ideas from the MarketBeat Idea Engine. 2023 NFL Draft live stream: How to watch night 2 online, time Yet again, thats set to come in below analysts revenue estimate of $88.29 million for the period. The costs are adding up, and in the nine months ended Sept. 30, fuboTV lost $143 million in cash from operations. SoFis guidance raise to a range of $1.955 billion to $2.02 billion up from $1.925 billion to $2 billion was very slight. Is United Airlines Playing a Game of Limbo with Its Guidance? WebFUBO fuboTV Inc 62,776 Watch Buy $1.14 $0.05 (4.59%) Today $1.15 0.01 (0.88%) After Hours Market Cap $239.05M Volume (M) 9.97M 52-Wk High $8.14 52-Wk Low $0.96 fuboTV Inc (FUBO) Stock Price Today, News, Quotes, *Real-time prices by Nasdaq Last Sale. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Why fuboTV Stock Dropped Today | The Motley Fool Copyright, Trademark and Patent Information. Is the 149% Dividend for ZIM Integrated Shipping in Jeopardy? Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. Fubo Becomes Streaming Leader in Baseball Coverage With MLB.TV Content Partnership, Investors Purchase High Volume of fuboTV Put Options (NYSE:FUBO), FuboTV Rebrands as Fubo, Launches Ad Campaign Co-Produced by Ryan Reynolds Maximum Effort Productions Featuring Kevin Garnett and Mark Sanchez, Down -53.39% in 4 Weeks, Here's Why You Should You Buy the Dip in fuboTV Inc. (FUBO). Can Earnings Recharge Electric Vehicle Stocks? 1 Stunning Growth Stock to Buy Before It Soars 165%, According to Wall Street, 2 Beaten-Down Growth Stocks to Avoid Like the Plague in April. Additionally, it has raised $71.8 million by selling shares of its stock to the public. With each new subscriber, fuboTV needs to pay media companies like Disney. 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"The one million subscriber milestone represents an exciting inflection point in our business, with tremendous implications for revenue growth and profitability, particularly given the continued strength of our advertising business," FuboTV Executive Chairman Edgar Bronfman Jr. said in a news release. The sports streaming substitute for cable TV is gaining traction with consumers, but that's not the problem for investors. WebFuboTV Inc. (FUBO) closed at $1.14 in the latest trading session, marking a -1.72% move from the prior day. NYSE:FUBO fuboTV - FUBO News Today $1.27 +0.10 (+8.55%) (As of 04/11/2023 03:28 PM ET) Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. 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